Personal, unsecured loans issued through online lenders like Best Egg, LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Citigroup Inc. paid nearly $900 million by mistake to Revlon Inc. lenders due to a clerical error and wants its money back, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Cash App, Square Inc.’s mobile payment app, has launched a pilot program to offer short-term loans of up to $200, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Before the deluge – of possible bankruptcies, that is – come the provisions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
A $765 million loan agreement between Eastman Kodak and the government to provide pharmaceutical ingredients has been put on hold due to questions about Kodak’s recent securities transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The meteoric rise, and then fall, of Eastman Kodak stock — and the recent profits scored by top executives there — is garnering more attention. House Democrats are now looking into a $765 million federal loan as well as trading activity by company executives before...
Banks are increasing their standards for loans to businesses and households, according to the Fed’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange Commission (SEC), a new report finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
